Igneo Infrastructure Partners Announce Closing of Indigo Acquisition
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NEW YORK, February 3rd: Igneo Infrastructure Partners (“Igneo”) today announced that it has completed its acquisition of Indigo Generation LLC (“Indigo”), owner of a 136 MW gas fired, simple cycle electric peaking generation station located in North Palm Springs, California. The transaction follows the satisfaction of all customary closing conditions.
With the closing complete, Igneo and its operating partner Meridian Clean Energy (“Meridian”) will advance further investment in the project. Meridian Clean Energy is an experienced energy services company specializing in the development and management of utility scale electricity generation assets, bringing operational expertise and development capabilities to the project.
“The closing of this transaction represents an important step for Igneo as we continue to leverage our energy infrastructure investment expertise in North America,” said John DiMarco, Managing Director at Igneo. “We appreciate the cooperation of all parties involved, including the seller, Diamond Generating, and look forward to working with Meridian as we transition Indigo into its next phase of ownership and operations.”
Igneo was advised by National Bank Financial Inc. as financial advisor and Vinson & Elkins LLP as transaction counsel.
About Igneo Infrastructure Partners
Igneo is an autonomous investment team in the First Sentier Group. It invests in high-quality, mature, mid-market infrastructure companies in renewables, digital infrastructure, waste management, water utilities and transportation / logistics sectors in the UK, Europe, North America, Australia and New Zealand. Operating since 1994, the team works closely with portfolio companies to create long-term sustainable value through innovation, a focus on ESG and proactive asset management.
Igneo manages US$29.7 billion worth of assets (as at 30 June 2026) on behalf of more than 200 investors around the world.
About Meridian Clean Energy
Meridian Clean Energy focuses on owning and developing power generation and storage assets with the flexibility and reliability required to enable a decarbonized future energy system. The Meridian team brings deep experience across all power generation types and in integrating the latest technologies at utility scale.
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In Hong Kong, this press release is issued by First Sentier Investors (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission in Hong Kong. In Singapore, this press release is issued by First Sentier Investors (Singapore) whose company registration number is 196900420D. This press release has not been reviewed by the Monetary Authority of Singapore.
First Sentier Investors, FSSA Investment Managers, Stewart Investors, Realindex Investments and Igneo Infrastructure Partners are the business names of First Sentier Investors (Hong Kong) Limited. First Sentier Investors (registration number 53236800B), FSSA Investment Managers (registration number 53314080C), Stewart Investors (registration number 53310114W), Realindex Investments (registration number 53472532E) and Igneo Infrastructure Partners (registration number 53447928J) are the business divisions of First Sentier Investors (Singapore).
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